Vibrant : Cities that will make a Difference in 2015

Section 1 Gujarat, located in north-west , has transformed into an urban landscape with high international standards over the last decade. More so, the real estate sector has come in the spotlight over the last one to two years and is likely to continue moving northwards in the near future. Various factors have contributed to this growth. These include the expansion of the Gujarat Municipal Corporation limits, increased connectivity, robust infrastructure development and the growth of Gujarat as a notable commercial and industrial hub. What is largely driving Gujarat’s realty market is the fact that the state policies offer conducive environment for industries to conduct business. Add to this, the land values for properties in the state are any time affordable than many other tier-II cities in the country. Further, the superior infrastructural facilities and the government’s initiative to boost it further are also driving investors towards the real estate market here. The state is well connected both internally as well as externally via its elaborate transit systems which largely adds to its commercial value. Key projects namely SEZs, hotels, integrated townships, gated communities as well as specialty townships such as financial products townships and IT corridors have come up in a big way. Lastly, the government’s favourable policies for both national and international companies to set up their base here has paved way for future growth. Thus, a stupendous growth in the industrial sector coupled with other favourable factors, mentioned above, has resulted in an increased demand for housing in Gujarat. Table 1: Key Infrastructure Projects in Gujarat Major Projects Affected Regions Benefits Proposed Aliyabet, Dholera, Halol-Savli, SIR Policy - 2009: Special PCPIR, Santalpur,Hazira, It enables government to establish, develop and regulate Investment Changodar, Anjar, Navlakhi, investment regions with special focus on certain sectors. Region (SIR) Pipavav, Simar, Okha, Sanand- These proposed SIR’s focus on key industrial sectors such as Viramgam petroleum, IT/ITeS, automobiles, logistics, agriculture, food processing, port-based industries, pharmaceuticals, etc. so as to encourage private investments in efficient way. - Industrial Areas: Palampur- 38% of the planned DMIC route is through Gujarat, Industrial , 62% of the total project area falls in the state, 18 districts Corridor Ankleshwar, - and come under its influence zone, 1/3rd of the total investment -Umbergaon will be in Gujarat Investment Regions:Baruch- Dahej, - Dholera Eco Cities: Dahej and Sanand Dedicated Iqbalgarh, Palanpur, DFC is a new rail transportation system with high axel, multi- Freight Mahesana, Ahmedabad, modal and computerised features Corridor Vadodara, Surat SEZs Surat, Ahmedabad, Kandla, Direct FDI investment in the state, Lots of foreign players will Dahej, Baruch, , Kutch, line up for development. Dholera, Vadodara, Ankleshwar Single-window clearance for Central and State level approvals. Exemption from Central Sales Tax & Service Tax. Duty-free import / domestic procurement of goods for development, operation and maintenance of SEZ units. Exemption from Customs and Central Excise duty on import/local procurement for the purpose of establishment and maintenance of the unit. No foreign ownership restrictions in developing zone infrastructure and no restrictions on repatriation. Industrial Ahmedabad,Changodar, Parks Sanand, Dholera, Kutch,Surat, Vadodra

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Source: Vibrant Gujarat Industrial Profile

Source: Real Insights @ CommonFloor.com Figure 1. Map Showing Major Infrastructure Projects in Gujarat

SWOT Analyses for Gujarat GUJARAT SWOT ANALYSIS STRENGTH  Vibrant Gujarat summit has brought lots of FDI in the state in last 5 years.  Gujarat is one of the preferred location for NRIs to invest for high end residential and commercial properties  Ahmedabad has continued to be the most stable market in terms of demand and absorption of both residential and commercial spaces.  A long coastline gives the state a natural choice to develop petrochemical and chemical industries.  Two of India's Largest Ports, Mundra and Kandla handles approximately 80% of Indian cargo from Gujarat  Successful development of central business district in India, GIFT (Gujarat International Finance Tec-City) WEAKNESS  The major development took place along Ahmedabad, Surat, Vadodara while other localities lack industrial development.  Gujarat ranks low in the human development index  Environmental degradation due to lots of Petro-chemical and Chemical industries. OPPORTUNITY  With the proposal of high-axle multi-modal rail, the developmental in the state will increase at a rapid pace.  38% or of the planned DMIC (Delhi-Mumbai Industrial Corridor) route is present in Gujarat influencing about 18 districts  Proposed development of 4 industrial areas namely: Palampur-Mehsana, Vadodara-Ankaleshwar, Surat- Navsari, Valsad-Umbergaon

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 Proposed investment regions with a minimum area of 200 sq.km. : Ahmedabad-Dholera & -Dahej.  Proposed plans to develop Eco-cities along the DMIC corridor : Dahej Regional Eco-city & Sanand Eco-city  Increased focus on developing of six major junctions (Iqbalgarh, Palanpur, Mahesana, Ahmedabad, Vadodara, Surat) falling under Western Dedicated Freight Corridor  Along with the proposals of industrial areas, the state government is aggressive in approving Industrial Parks.  Upcoming Special Investment Regions (Aliyabet, Dholera, Halol-Savli, PCPIR, Santalpur, Hazira, Changodar, Anjar, Navlakhi, Pipavav, Simar, Okha, Sanand-Viramgam). THREAT  Gujarat falls under the Seismic zone IV

Section 2: Impact City 1 Ahmedabad and Connected by NH-147, Ahmedabad and Gandhinagar, located 30 kms apart, are being considered in this report as the twin cities of Gujarat because development in both the cities have a huge influence on each other. With consistent infrastructure development coupled with several infra upgrades, the areas between these two cities are also witnessing REAL ESTATE CONTRIBUTES AROUND 6.5 robust development, which is most likely to result in the union of both PERCENT TO GSDP. THE VALUE ADDED the cities in a short span of time. FROM THESE SECTORS AT CURRENT PRICES IS ESTIMATED AT RS. 27978 CRORE Ahmedabad, one of the most vibrant markets in Gujarat, is essentially FOR THE YEAR 2009-10 AS AGAINST RS. divided by the River into two physically distinct regions - 23459 CRORE IN PREVIOUS YEAR Eastern and Western region. The eastern side comprises of the old SHOWING AN INCREASE OF 19.3 PER CENT. city, the main railway station and numerous temples. While the AT CONSTANT (2004-05) PRICES, THE western region is dotted with educational institutions, well-planned VALUE ADDED FROM THESE SECTORS IS residential areas and shopping malls with multiplexes around Ashram ESTIMATED AT RS. 18298 CRORE IN 2009- 10 AS AGAINST RS. 17308 CRORE IN road, C. G. Road and S. G. Highway. PREVIOUS YEAR REGISTERING A GROWTH Ahmedabad’s real estate market has grown over the past decade due RATE OF 5.7 PER CENT. to its industrial sector and the overall high growth rate of development. It is the largest city of Gujarat and also the commercial capital. Apart from being a well-established education centre with institutes like IIM, NID, CEPT, Ahmedabad has also started developing itself as a popular IT/ITeS destination. Ahmedabad was initially known for its textile and pharmaceutical industries and it did not create a major hype in real estate due to absence of major IT/ITeS services. But the scenario is changing. In fact, in last quarter major transaction in office space was seen to be in the IT/ITeS sectors. Moreover, other factors such as 24*7 electricity, water supply, safety, wider roads, Bus Rapid Transit system, among others, are the key highpoints. Located on the west bank of , Gandhinagar is Gujarat’s capital city. Also known as the IT hub of the state, its transformation in terms of realty market has seen an upward trend. So, what has led to the realty growth of Gandhinagar? With liveability improving over time and IT and administrative sectors entering the market, Gandhinagar’s affordable realty got a major push. Thus, several real estate builders and companies began buying land parcels here for setting manufacturing and operational units. While private players are doing their part, Gujarat’s pro- development government is not far behind. The state government has already allocated huge tracts of land to develop knowledge-based industries and IT hubs. Interestingly, the tracts of land between Ahmedabad and Gandhinagar have also grabbed the attention of several realty giants. There are plans of setting up IT Parks, hotels and educational/research institutions. Soon, Gujarat is most likely to become the next IT hub. This has already generated some interest among the developers community. Raheja, Brigade and DLF have shown interest to build IT Parks in the State. With a number of software majors and BPOs lining up to enter Gujarat, the sector is likely to create a pool of jobs in the State. And, Gandhinagar will play a crucial role in the entire scenario.

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Growth of Real Estate: Real estate market in Ahmedabad has witnessed decent growth over the last decade, when the city started creating blue collar jobs. One of the major advantages here was the planned growth by the Ahmedabad Urban Development Authority which kept a check on the capital values and, thus, maintained the affordability index of the city as compared to many other cities in the country. Other factors favouring growth in Ahmedabad included the BRTS route that connects different parts of the city, Sabarmati Riverfront Development Project, land utilisation through Town Planning Schemes, increase in FSI and Ring Road development, among others. The redevelopment of old textile mills in the eastern part of the city has also led to the development of affordable markets. Various residential schemes of Gujarat Housing Board (GHB) have also come up in areas such as Koba, , Adalaj, Sargasan, Bhat, Sughad and other areas linking Gandhinagar with Ahmedabad. Many are in the pipeline as well. Salient Growth Features: 1) The introduction of TP Schemes in Ahmedabad has prevented haphazard development and distributed both physical and social infrastructure evenly in the new growth areas. Approximately 80% of the developmental plan here has been finalised including the zoning regulations, road networks, open spaces, and all major infrastructure. 2) Transit oriented development is one of the major reasons for growth of real estate sector in Ahmedabad. Better accessibility between different areas within the city via Ring Road coupled with inter-state connectivity via SH and NH-8 is an added advantage. 3) Underground passes and storm water drainage has also led to the development of new land parcels in and around the city. 4) Satellite towns such as Sanand and Changodar, the manufacturing hubs providing jobs to millions, have also upped the realty quotient of Ahmedabad. 5) One of the major factors driving realty growth in Gujarat is the Delhi Mumbai Industrial Corridor (DMIC), an ambitious project aimed at developing several industrial zones. And Ahmedabad is anticipated to be an important link in this corridor. The city is expected to create innumerable jobs, attract investment and ultimately create housing demand. 6) Approval of the Rail Project Phase-1 is also expected to drive real estate market in the city. 7) There are plans to raise the floor space index (FSI) in the city so as to allow high-rise development which was essentially horizontal so far. 8) The policy of redevelopment in closed mill lands and various old colonies will lead to growth of affordable housing schemes. 9) The Sabarmati Riverfront Development project, spread over 12 km, has initiated the beautification and raised the overall liveability index of the city. Various features of the project include parks, open spaces and commercial complexes, among others. 10) The proposed bullet train between Mumbai and Ahmedabad is another high point that is expected to boost connectivity between cites and will develop other nodes such as Vadodara, Surat and Bharuch in Gujarat. 11) Vibrant Gujarat summit, held recently, has attracted FDI into the state which is likely to push the overall development here as well. 12) Luxurious housing projects with different product offerings has largely attracted investors into the luxury market in Ahmedabad. Yet another concept of weekend homes, in areas such as Nalsarovar, accompanied with resort and club facilities is growing at a fast pace. 13) Gandhinagar, considered as one of the green city in India, has almost 65% green cover and open spaces. 14) The city is divided into 30 sectors, each one km in length and breadth. 15) Gandhinagar houses several educational institutions including the Dhirubhai Ambani Institute of ICT, EDI, Indian Plasma Research Institute, and Gujarat Law University. The city’s education level is the highest within the state, almost about 87.11%. It is popularly known as “The Heart of Gujarat.”

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SWOT Analysis:

S Less number of major IT firms in the city. W Good (Physical & Social) infrastructure facilities. WIth rapid rise in population structure, lots of haphazard A well -established Manufacturing hub. development have taken place in recent years. Development of Satellite towns such as Sanand, Viramgam. Influential area of DMIC . Planned Development as per the plan. Good governance. Development of GIFT City as a 'Smart City' in Gujarat. Ample land parcels available for development. SWOT O T Development of Metro rail will boost real estate prospects of the With growth in population, demand for residential spaces will

areas . increase and, thus, lead to rise in capital values. Better inter-city connectivity via BRTS. New routes within the city Ahmedabad falls in Seismic Zone IV. O are being developed, thus, opening up new micro markets. Land pooling through TP Schemes have initiated the set-up of both physical and social amenities. River front development in Ahmedabad to increase the liveability index of the city. T High-speed rail corridor is likely to attract investment in the city.

Source: Real Insight by CommonFloor.com Table 2. Swot Analysis of Ahmedabad &Gandhinagar

Major Locations in Ahmedabad According to SWOT:  NAVRANGPURA (CENTRAL ZONE): This is the centre of the city and one of the SBD. The property prices in this locality ranges from Rs 5000 to 6000 per sq. ft.  BODAKDEV (WESTERN ZONE): One of the posh localities of Ahmedabad, prices in Bodakdev range between Rs 6,000 to Rs 8,000 per sq. ft.  SATELLITE (WESTERN ZONE): Property prices here are approximately Rs 5,000 to 8,000 per sq. ft.  PRAHALAD NAGAR (WESTERN ZONE): Touted as one of the biggest commercial locality in West Ahmedabad, Prahalad Nagar has attracted all major builders for development. The property prices here are approximately Rs 6000 to 8000 per sq. ft.  SG HIGHWAY (SOUTH ZONE): This road, connecting Ahmedabad and Gandhinagar, is seeing development of several bungalows and row houses in recent times. Development of Ahmedabad and Gandhinagar as twin cities will further add to the growth prospects of this stretch.  SANAND: High demand for industrial lands and ware houses have made this locality an emerging destination in Ahmedabad. Land values here have seen a surge of 20 % over a span of one year.  CHANDKHEDA (NORTH WEST ZONE): One of the emerging destinations for affordable housing, Chandkheda is being developed by both government and private agencies. Being in close proximity to both Ahmedabad and Gandhinagar, the locality is attracting developers.  CHANGODAR (SOUTH ZONE): The locality is emerging as a major Pharmaceutical industrial area that also houses several ware houses.

The major projects in these locations are by Godrej Properties, DLF, Safal Group, Arvind Group, Triveni Developers, Pacifica Companies, among others.  GIFT CITY: Gujarat International Finance Tec-City (GIFT), located between Ahmedabad and Gandhinagar, is spread over 900 acres and being developed as the first Smart City in Gujarat. A perfect example of the walk- to-work concept, it includes IT firms, world-class infrastructure and facilities. After its completion, it is slated to provide over five lakh jobs directly or indirectly. Envisioned to be self-sustainable, GIFT city will be home to

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integrated townships with best social and physical infrastructure. Sprawling over about 84 million sq. ft. commercial and residential area, the former comprises of hotels, restaurants, offices etc. while the latter includes apartments, residential buildings etc. Overall, 25% of the area is kept for residential development. On the hospitality front, the city will house the tallest five-star hotel in Gujarat which is slated to be more than 25-storied building.

As on date, approximately Rs 4,500 crore has been invested in building residential and commercial complexes within GIFT. Majority of residential projects are high-end while only a smaller portion of affordable housing has been allotted. It has already sold land development rights for approximately 12.6 million sq. ft., attracting an investment of Rs 8,500 crore. The major players who have invested in GIFT include Brigade Group, Hiranandani, Lodha Group, Godrej Properties, to name a few.

Thus, development of GIFT City is a significant step in taking the Gujarat real estate market to a higher level.

Residential Snapshot * As per data, there was ample ready-to-occupy inventory in Ahmedabad in 2014. In few localities, developers had to cut down prices by almost 25 % during the same year. It was seen that out of the total sales in Ahmedabad, 60 % was driven by end-users while the remaining by investors. * Flats, apartments, serviced apartments, bungalows, penthouses and township properties are cropping up all over to meet the demand. * Data indicates that the prime residential areas in the city for plots based on both resale and new launches included Bagodara, Sanand, Dholera, Bopal and Sanand-Nalsarovar Road. * Experts cite that there is high scope for appreciation in property values particularly towards the outskirts. One can easily expect 15-20 % price rise in the next 1-2 years. * Sabarmati River Front Development Project has revived realty market in areas like , Vadaj and .

Top Markets - Resale Apartments Locality Capital Values (per sq. ft.) Bopal 3500-3900 Satellite 5400-5900 SG Highway 3800-4200 3150-3950 Chandkheda 2550-3400 Table 3 Source: Real Insights by CommonFloor.com

Top Markets - New Launches Apartments Locality Average Rate per sq. ft. 1750-2500 Gulbai Tekra 5500-6100 Changodar 1600-2500 Ambawadi 5500-6500 Table 4 Source: Real Insights by CommonFloor.com

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Impact City 2

Surat: Surat, the second largest city in Gujarat, has a population of approximately 5 million, as per Census 2011. It is considered as the ‘diamond capital’ of India. According to City Mayors Foundation in 2011, Surat ranked fourth in the global study of fastest developing cities in the world. It is one of the fastest-growing city in India in terms of economic prosperity and has registered one of the highest GDP growth rates of 13% over 2010-2011. Surat is home to textile and diamond industries. In fact, it contributed about 42% of the world’s total rough diamond cutting and polishing, estimated to be about $ 10 billion. This constitutes approximately 65% of the total diamond exports from India. Surat is also emerging as a potential hub for Chemicals and Petrochemicals. A large petrochemical complex, park and centrally-promoted Surat SEZ is expected to boost industrial and economic growth of the city. In fact, Surat Municipal Corporation has partnered with Microsoft to develop Surat as a smart IT city.

Salient Features: 1) A container terminal is proposed at Hazaria, which is going to facilitate the services such as imports and exports. 2) The BRTS network is proposed on two routes in Surat under phase 1. 3) Upgradation of Surat Airport and building of a new terminal. 4) Approximately 2 hectares of SUR SEZ catering to diamond jewellery and textile industries, 3 hectares of Surat Apparel Park and 3.75 hectares of gems and jewellery SEZ Park are proposed. 5) 195 sq. km of SIR is proposed at Hazira. The major focus is on Chemical, Petrochemical, port based industries and engineering industries. 6) Outer Ring Road is proposed to be developed so as to provide easy access to far-flung areas. 7) Development of twin cities of Navsari and Surat. 8) DMIC node at Surat and Navsari. 9) Micro-level Town Planning Schemes have been initiated under town planning schemes. 10) High-speed rail corridor between Ahmedabad and Mumbai passes through Surat, which is most likely to bring huge investments in the city.

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SWOT Analysis: S W Being a low-lying area, it is highly prone to floods.

4th Fastest Developing City Increasing exports largely in Diamonds and Textile Industries. Connectivity to major cities through Golden Quadrilateral High economic growth recorded (GDP) Influential area of DMIC (Delhi Mumbai Industrial Corridor) One of the cleanest city in India.

SWOT O Selected as the first smart IT City in India under Microsoft's T CityNext initiative. Soaring residential prices due to higher NRI investments. Plans to develop DREAM(Diamond REAsearch and Mercantile) city Environmental degradation due to the presence of petro-chemical by Gujarat Govt. industry. Construction of Outer and Middle Ring Roads. Proposal of high-speed rail between Ahmedabad and Mumbai set to boost development. Development of BRTS Corridor Phase I along Surat-Navsari Road Development of Surat-Navsari Industrial Area along DMIC (Delhi- Mumbai Industrial Corridor) Construction of six-lane Surat-Dahisar Road project.

Table 5: SWOT Analysis of Surat Source: Real Insight by CommonFloor.com

Residential Snapshot * Popularly known as the city of flyovers, the real estate business is increasing at an annual rate of almost 15-20 %. * Prices have been more or less stable in almost all localities in 2014 with a few of them seeing about 10-20 % appreciation. Experts predict that one can expect 15-20 % annual returns in this market. * As per CommonFloor data, key areas for plots based on resale are Olpad, Surat Dumas Road, Kamrej, Maroli-Ubrat Road and Udhna. Simultaneously, areas that witnessed maximum new launches in this property-type in 2014 included Navsari and Pal. * Surat has bucked the trend from past 4-5 years. As per the Residex, 2011-12, Surat recorded a growth of more than 11 per cent, which is sign of positive market. Since then, Surat has been climbing on the growth ladder recording an average appreciation of about 10-20 per cent every year. Top Markets - Resale Apartments Locality Capital Values (per sq. ft.) Adajan 3350-4000 Katargam 3600-4500 Vesu 4000-4400 Amroli 2000-2500 Rander Road 3000-3800

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Table 6 Source: Real Insights by CommonFloor.com

Top Markets - New Launches Apartments Locality Capital Values (per sq. ft.) Navsari 4100-5050 Pal 2700-3500

Table 7 Source: Real Insights by CommonFloor.com

Impact City 3 Vadodara: Located on the banks of the Vishwamitri River, the pace at which Vadodara has transformed into a realty hub is nothing short of remarkable. After the boom of 2006, the real estate market of Vadodara has never looked back. And this growth is also reflected in the capital appreciation, a key determinant of returns in the said domain. It is no hidden truth that till the early 1960’s Varodara was considered to be a cultural and educational centre. It was with the establishment of the first modern factory (Alembic Pharmaceuticals) in 1907 that paved the way for the industrial development of the city. By 1962, Vadodara witnessed a sudden spurt in industrial activity and had as many as 288 factories generating employment for about 27,000 people. And rest is history! Vadodara, today as we know it is Gujarat’s third-largest city, which has various growth drivers at play. With several chemical industries setting up base here, the city became popular with the epithet of Chemical Industries Capital of the State. Further, the inception of various PSUs made it the first cosmopolitan city of Gujarat in the nineties. Today, it is home to several large scale industries and public sector units (PSUs) such as Indian Petrochemicals Corporation Ltd (IPCL), ONGC, Gujarat Alkalies and Chemical Ltd (GACL), and Gas Authority of India Ltd (GAIL). Moreover, the city’s proximity to key industrial centers of Gujarat such as Ahmedabad, Bharuch and Surat, along NH- 8 just adds another feather to Vadodara’s cap. Further, the proposed Vadodara-Ankleshwar Industrial Area along the Dedicated Freight Corridor is also likely to boost the realty prospects of the city.

Growth in infrastructure Some of the key factors to look out for when investing in a city’s real estate includes identifying the infrastructure, road connectivity and potential for appreciation. Interestingly, Vadodara has it all and more. The NE1 or Ahmedabad – Vadodara Expressway in the North of Vadodara has already reduced the travel time from Ahmedabad to Vadodara by one hour. Today, the city boasts of robust social and physical infrastructure. However, there are several projects in the pipeline that will further improve city’s infrastructure and in turn will boost the realty market. These include DMIC, Ring Road and many flyovers. The Delhi-Mumbai Industrial Corridor (DMIC) passes through Vadodara, making it a key destination for industrial investments. It will also connects three prime cities, namely Ahmedabad, Vadodara and Surat, which will form the key growth nodes of an industrial cluster development in the coming years. DMIC will make large tracts of land along the corridor available for industrial and other real estate development purposes in the form of Investment Regions and Industrial Estates. Further, the Ring Road connects some of the major state highways and arterial roads of the city to DMIC. The city also enjoys swift accessibility via roads, rails and airways. Moreover, there is a proposed Makarpura Junction (near Vadodara) on the Dedicated Freight Corridor that will provide the rail connectivity for the industrial area. These infra- projects coupled with the IT hubs and industrial areas will lead to more employment generation, which in turn will boost the housing demand.

Social amenities in Vadodara

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Vadodara also has of well-developed social amenities. For academics, it boasts of renowned MS University, which offer skilled and intellectual manpower for various industries and R&D activities. Additionally, some of Gujarat’s leading educational institutions are located in Vadodara. There are over 120 public schools and 100 private schools. For recreational activities, the city boasts of an international cricket stadium, several gardens, palaces, monuments and museums.

Residential Snapshot Vadodara Apartments Capital Values (Rs per sq. ft.) Manjalpur 2750-3000 Vasana-Bhayli Road 2350-2550 Vasna Road 3000-3500 Karelibaug 2300-3250 Gotri 2550-2750 Table 8 Source: Real Insights by CommonFloor.com

According to CommonFloor Seekers data, maximum demand for apartments is seen in areas such as Manjalpur, Vasana-Bhayli Road, Vasna Road, Karelibaug and Gotri. While Vasana-Bhayli Road, Karelibaug and Gotri offer properties at affordable rate in the range of Rs 2,300-3,200 per sq. ft., Manjalpur and Vasna Road has properties in the range of Rs 2,750-3,500 per sq. ft. As per plots, buyers are more inclined towards areas such as Ajwa Road, Dabhoi Road, Waghodia Road, Savli and Sun Pharma Road.

Top markets by Project launches Vadodara Apartments Capital Values (Rs per sq. ft.) Ajwa Road 1500-2000 Dabhoi Road 2500-3100 Waghodia Road 1500-2400 Bill-Chansad Road 2600-3300 Table 9 Source: Real Insights by CommonFloor.com

Based on maximum launches, Ajwa Road, Dabhoi Road, Waghodia Road, Bill-Chansad Road and Halol tops the chart. Capital values for these localities fall in the price brackets of Rs 1,640-2,750 per sq. ft. Interestingly, for plots, Ajwa Road retained its spot based on launches as well, while Sevasi Gotri Road was a new entrant to the list. As per data, plots in Ajwa Road are up for grab at affordable rate of Rs 750 per sq. ft.

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CommonFloor.com maxHeap Technologies Pvt Ltd #298,299 SGR Towers 7th Cross, Domlur, - 560071. ------Disclaimer: The document above is written by the Domain Research Team at Commonfloor.com, India’s fastest growing real estate website known for its unbiased prognosis in Real Estate sector. The information provided in this report is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps. It should be considered as a guideline and not in absolute certainty. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is confidential and the sole property of CommonFloor.com. It should not be reproduced in any form, in part or whole, without prior permission

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